Miami Worldcenter developers win millions in incentives
Miami Worldcenter rendering and Nitin Motwani
Miami Worldcenter’s developers won millions in incentives on Monday when city commissioners approved a multi-year tax-rebate deal, despite complaints from Overtown residents, labor officials and community activists.
The 5-0 vote came during a …
Florida’s real estate taxes expected to reach $2.3B in 2015
85% of Palm Beach County voters approved Amendment 1
Florida’s real estate taxes are expected to increase by $200 million in 2015.
Documentary tax receipts, which peaked at about $4 billion in 2006 and plunged to $1.5 billion in 2009, reportedly could reach $2.3 billion in the next fiscal year…
Chinese affiliate buys Brickell site for $74.7M
1430 South Miami Avenue and Dr. Shanjie Li
A Beijing company purchased a Brickell development site for $74.7 million in cash.
An affiliate of China City Construction and New York-based American Da Tang Group reportedly bought the 2.39-acre construction site at 1430 South Miami Avenue.
A recent chang…
Terra Group pays 60 cents in property sales tax on 97-unit building
Terra Group’s David Martin
A developer saved more than $140,000 in property sales tax in an off-the-record purchase of a Coconut Grove apartment complex, according to a published report.
The sale price was undisclosed but an affiliate of the development company Terra Group, which bought the Su…
252 units in Marquesa Apartments sell for $38.5M
Coral Gables-based FCP Marquesa bought 252 condominium units at the garden-style Marquesa Apartments for $38.5 million, according to a published report.
The purchaser of the units at Pines Boulevard and Southwest 118th Avenue near the Pembroke Lakes Mall is an affiliate of Fortune Capital Mana…
The Real Deal South Florida’s most-read web stories of 2014
Clockwise from left: Peter Zalewski, 300 Biscayne Boulevard Way, “Million Dollar Miami” stars and a rendering of Residences by Armani/Casa (inset: Giorgio Armani and Gil Dezer)
The South Florida real estate market boomed in 2014, and The Real Deal was there with breaking news, features a…